Business · Companies · 3 hrs ago
Bank of America expands transaction banking to mid-sized firms in Spain
Bank of America is offering transaction-banking services in Spain to companies with annual revenue below €2 billion.
Until now, it mainly served businesses above that revenue threshold through this part of its business.
The services help companies manage payments, collections, cash and treasury operations, including payroll and accounts in different countries.
The bank is entering a market where Spanish banks such as Santander and BBVA compete alongside international lenders including Citi, JPMorgan, BNP Paribas and Deutsche Bank.
The expansion is part of a growth plan for its Global Payments Solutions division, which reported $3 billion in global revenue in the third quarter, equal to 10% of the bank’s revenue for that period.
Bank of America is rolling out the broader approach across European markets and has added staff in Spain and other countries to support it.
Bank of America is expanding its transaction banking services in Spain to companies with annual revenue below €2 billion.
The services include payments, collections, liquidity management and treasury management.
The bank previously focused this business mainly on companies with annual revenue above €2 billion.
The expansion is part of the growth plan for its Global Payments Solutions division and is being rolled out across European markets.
Bank of America is adding staff in several European countries, including Spain, to strengthen client coverage and product expertise.
- Who
- Bank of America.
- What
- It is extending transaction banking services to Spanish companies with annual revenue below €2 billion.
- When
- The expansion was reported on 5 November 2026; the sources do not state when services began.
- Where
- Spain, as part of a broader expansion across European markets.
- Why
- To broaden its potential client base and support companies expanding internationally that need more sophisticated treasury structures.
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- Annual revenue threshold
- Below €2 billion
- Service areas
- Payments, collections, liquidity and treasury management
- Division
- Global Payments Solutions
- Global Payments Solutions revenue
- $3 billion in the third quarter, about 10% of Bank of America’s group revenue
- Spanish client coverage
- Services more than half of Ibex 35 companies